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flag UK inheritance tax receipts hit £2.2 billion in Q1 2025/26, a 4.8% increase from the previous year.

flag In the first quarter of the 2025/26 tax year, UK inheritance tax (IHT) receipts rose to £2.2 billion, a 4.8% increase from the previous year. flag This rise is due to higher asset values, more wealth transfers following deaths, and the government's decision to freeze IHT thresholds until 2029/30. flag The current IHT allowance has been frozen since 2009, pulling more families into the IHT net. flag The Office for Budget Responsibility forecasts IHT revenues to hit £9.1 billion in the 2025/26 financial year.

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